New EDB Chairman

Janaka Ratnayake, has been appointed as Sri Lanka Export Development Board (EDB) Chairman. He will assume duties today.

Janaka Ratnayake holds a BSc (Hons.) Degree from the Sri Jayawardanapura University and a Master of Business Studies from the Colombo University.

He has also obtained a Post Graduate Diploma in International Business Relations from the Moscow University, USSR. In addition, he has successfully completed an Executive Education Program titled "Making Corporate Boards More Effective" - at the Harvard Business School (HBS) in USA.

Ratnayake also served as the Chairman of Merchant Bank of Sri Lanka PLC, Merchant Credit of Sri Lanka, MBSL Savings Bank and MBSL Insurance Company Ltd. Under the Chairmanship of Janaka Ratnayake, MBSL has been managing a dozen of distressed finance / other companies including the largest finance company in the country, The Finance Company PLC. MBSL was successful in restructuring rehabilitating these entities. MBSL also acquired the status of a specialized Savings Bank and Insurance Company during his tenure as Chairman.